Tokyu REIT, Inc. has proposed to appoint Yutaka Toriuchi as director as of October 1, 2018, Tomoki Shinozaki is retiring as director as of September 30, 2018. Yutaka Toriuchi has appointed as Director, Executive Officer, Chief Investment Officer and General Manager, Asset Transaction, Tomoki Shinozaki retiring as Director, Executive Officer, Chief Investment Officer.